View full page at cryptocraft.com

 

FTX says most customers of the bankrupt crypto exchange will get all their money back

From cnbc.com

Almost all customers of collapsed cryptocurrency exchange FTX will get their money back — and more, according to a court filing. FTX estimates that it owes creditors around $11.2 billion, according to a reorganization plan published late Tuesday. The company said it has between $14.5 billion and $16.3 billion to distribute to creditors. Customers whose claims amount to $50,000 or less will receive approximately 118% of the amount of their allowed claim, the plan says. Around 98% of creditors will receive this compensation. The reorganization plan, which still needs to be approved by the bankruptcy court, will likely ... (full story)

Story Stats

  • Posted:
  • Category: Crypto Industry News